From Nasdaq: 2024-05-07 09:45:00

Amazon and Alphabet have seen immense growth over the past decade, with stock prices rising 1,000% and 516% respectively. Both companies are heavily investing in AI and cloud computing, with Amazon’s Q1 2024 earnings surpassing expectations. However, Amazon might be the better AI stock due to its leading position in the industry and lower price-to-sales ratio compared to Alphabet.

Alphabet also reported strong Q1 2024 earnings, with revenue increasing by 15% year over year. The company’s focus on AI and cloud services has paid off, with revenue from Google Cloud rising by 28%. While Alphabet has faced concerns about falling behind in AI, recent results show promising growth potential.

As both Amazon and Alphabet excel in the AI sector, the choice between the two as the better stock option comes down to positioning and potential for future gains. Despite Alphabet’s recent success, Amazon’s dominance in cloud services and AI tools make it a more reliable investment choice at this time. With a lower price-to-sales ratio and a leading market share in cloud computing, Amazon stands out as the superior AI stock option.



Read more at Nasdaq: Better AI Stock: Amazon vs. Alphabet